CryptoPunk #3322 bags another major sale for the blue-chip NFT Collectible. The rare Punk fetched an incredible 150 ETH or almost $654,379 on the trading block.
What happened? CryptoPunk #3322 Pulls in Thousands of Dollars
As a PFP project, the value of a Punk is anchored on its attributes. For example, collectors are on the lookout for hoodie, beanie and pilot helmet traits. Other species of Punks (Zombies, Apes and Aliens) are incredibly rare and also sell for a premium. Each of the 10,000 punks has 0 – 8 distinctive characteristics making the combinations highly attractive to collectors. Hence, each Punk differs from the next in terms of identities, attributes and rarities.
Here’s how Punk #3322 fair in terms of rarity:
- Type: Male (6,039)
- 1st Accessory: Vr (332)
- 2nd Accessory: Bandana (481)
- 3rd Accessory: Front Beard Dark (260)
CryptoPunk is an OG NFT Collectible, so its market performance and valuation are general indicators of how the overall market is doing. Thanks to its relevance as a pioneer in the NFT space, the pixelated NFTs have attracted a long line of celebrities and public figures.
According to CryptoSlam, the project recorded $143 164 874 in NFT sales volume in the past 30 days. This represents an increase of 12.49%.
Other Record-Breaking Punk Sales
Last July, Sotheby’s set a world record for auctioning off CryptoPunk 7523, aka “Covid Alien,” for $11.75M.
There’s a finite supply of 10,000 CryptoPunks in the NFT World. CryptoPunk 7523 stands out because of its rare cosmetics. It is one of just nine Alien CryptoPunks and the only one wearing a mask alluding to the global pandemic. As such, it is considered one of the rarest of the “punk type” set. Therefore, we can conclude that the scarcity and the cosmetics pushed the value of CryptoPunk 7523 or Covid Alien.